New fund week
ANZ Investments has launched a High Growth Fund which is nearly totally exposed to growth assets.
Its SIPO shows the target allocation to cash is just 5% and zero for fixed interest.
On the growth side it is targeting 10.5% to listed property, 3.5% to listed infrastructure and equities will be 18% Australasian and 63% international.
ANZ Investments managing director Fiona Mackenzie says the fund has the potential to achieve higher returns over the long-term. And acknowledges there is "the potential for more volatility over the short to medium term.”
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